Market Trading Guide: Ather Energy among 2 stock recommendations for Thursday

Domestic markets witnessed a swift recovery from initial losses on Wednesday despite escalating Iran–US tensions. The rebound was primarily driven by a sharp recovery in banking stocks, while IT stocks emerged as the biggest laggards due to profit booking and persistent global uncertainties. However, investors remain cautious ahead of the upcoming RBI policy decision and GDP data, which are expected to provide further clarity on growth challenges amid the risk of inflationary pressures stemming from geopolitical tensions.

Here are two stock recommendations for Thursday

Ather Energy - Buy | CMP: Rs 1022

Stop-loss: Rs 940
Target: Rs 1080-1150

Ather Energy has delivered a strong breakout above the crucial Rs 980–1,000 resistance zone, supported by a sharp increase in volumes, indicating renewed buying interest and bullish momentum. The stock is trading comfortably above its 20, 50, 100 and 200-day EMAs, confirming a strong uptrend across timeframes. RSI has moved above 65, reflecting improving momentum without being excessively overbought.

Kunal Kamble, Sr Technical Research Analyst, at Bonanza Portfolio

J&K Bank - Buy | CMP: Rs 148-149
Stop-loss: Rs 138
Target: Rs 155-165

J&K Bank continues to exhibit a strong bullish structure, forming a consistent higher high–higher low pattern on the daily chart. The stock is trading above all key moving averages (20, 50, 100 and 200 DMA), indicating strength across multiple timeframes. The recent breakout above the Rs 145 resistance zone has been supported by healthy volumes, suggesting sustained institutional participation.

Kunal Kamble, Sr Technical Research Analyst, at Bonanza Portfolio

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)